Hedge funds that had short positions on Tesla between Election Day and Friday’s close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled b…
Hedge funds betting against Elon Musk ’s Tesla have lost billions of dollars after Donald Trump ’s White House win last week, according to a report.
Since Election Day, shares in Musk’s Tesla have risen about 40% – or more than $200 billion in additional market value. 'Deadbeat' hedge fund boss who's being sued by his own mom has been living it up in Miami — while clients demand cash back While Tesla shares have soared 39.2% so far this year, the wider EV sector has lost more than 12% this year after a 9% decline in 2023, according to the performance of KraneShares Electric Vehicles and Future Mobility Index ETF as reported by Bloomberg.The majority of hedge funds with shorts on Tesla began backtracking their positions after Musk endorsed Trump, according to Bloomberg.
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